InvestorsHub Logo
Followers 15
Posts 1291
Boards Moderated 0
Alias Born 12/31/2009

Re: None

Wednesday, 11/24/2021 11:23:20 PM

Wednesday, November 24, 2021 11:23:20 PM

Post# of 83053
From 3rd Quarter financials!
There should be an upcoming proxy vote coming in the near future.

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
In November, 2021, the Board of Directors has deemed it to be in the best interests of the Corporation and its stockholders to effect, a reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), whereby a certain number of issued and outstanding shares of Common Stock will be combined into one new share of Common Stock, with any resulting fractional shares of Common Stock to be rounded up to the next nearest whole share of Common Stock, with no change to the authorized shares of Common Stock, with such reverse split to be in a range as determined by the Board following approval of such reverse split and granting of authority by the shareholders of the Corporation, subject to being in the range of a ratio between 1 share of Common Stock for each 2 outstanding shares of Common Stock, to 1 share of Common Stock for each 10 outstanding shares of Common Stock (the “Reverse Split”), resulting in a cost savings to the Corporation. As of the date of this filing, the reverse-split has yet to be approved.